- RFK Jr. dropped out of the US presidential race and endorsed Donald Trump.
- Polymarkets present Trump's and Harris's probabilities of profitable at 50% and 49%, respectively.
- Bitcoin After RFK Jr Drops Out it rose almost 5% to hit a excessive of $64,000.
Robert F. Kennedy Jr., an unbiased candidate within the 2024 United States presidential election, has thrown his assist behind Republican candidate and former US President Donald Trump. This surprising alliance led to a big improve within the value of Bitcoin (BTC), the world's largest cryptocurrency.
In line with a BBC report, RFK Jr. joined Trump at a rally in Arizona after confirming he would drop out of the presidential race, and the 2 teamed as much as shift the combat towards the Democratic Occasion and its nominee, Kamala Harris. . Polymarkets information exhibits Trump has a 50% probability of profitable, whereas Harris is near 49%.
Trump praised RFK Jr. as “phenomenal” and “good” throughout the rally in Glendale. In the meantime, Harris had beforehand mentioned she would attempt to enlist the assist of Kennedy supporters, nevertheless it was clear that Kennedy Jr. he favors Trump and so do his supporters.
RFK Jr., son of US Senator Robert F. Kennedy and nephew of President John F. Kennedy, comes from certainly one of America's most influential political households. In line with RFK Jr. Trump Trump will “make America wholesome once more” and be the president “who will defend us from totalitarianism.”
After RFK Jr. endorsed Trump, Bitcoin turned bullish, reaching as excessive as $64,000, with a 5% improve in value over the previous 24 hours. BTC buying and selling quantity skyrocketed by 68.96% to achieve $43 billion, whereas its market cap rose to $1.26 trillion.
Bitcoin is up 8.03% because the final week, however is down 2.73% over the previous 30 days. Notably, nonetheless, BTC is up 141.67% since August 2023, though it stays 13.31% beneath its all-time excessive of $74,750 reached on March 14.
The rise within the value of Bitcoin could be attributed to RFK Jr. extending assist to Trump as the previous US President promised to revolutionize the digital asset and revealed quite a few Bitcoin adoption methods ought to he change into President.
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